Pages

Friday, August 5, 2016

OMG...Trump picks John Paulson to be on his economic team. JOHN PAULSON!!!

This takes the cake.

Trump picks John Paulson to be on his economic team. Paulson? Economics???

Paulson's the guy who bet big on gold--and lost--because he thought that Fed monetary policy owuld result in hyperinflation. He's like Peter Schiff.

The only reason anyone even knows about Paulson is because he made a ton of money shorting subprime back in 2007. But that's only because he got Goldman Sachs to create a RIGGED TRADE that was guaranteed to make money.

That was the infamous "Abacus Deal" and Goldman eventually admitted to fraud on that and paid a fine. (Of course, a fine, no jail for anyone.)

Trump's a clown. I only support him because I think that is our only chance of keeping out of a war with Russia, however, I am resigned now to the idea that Hillary will be our next president. I only hope she doesn't start World War 3.

"The 13-member group features several longtime Trump business associates but only one academic economist, Peter Navarro of the University of California at Irvine. He specializes in trade with China, which Trump has made the centerpiece economic policy of his campaign.

The team's best-known names, in conservative policy circles, are Steve Moore, the founder of the Club for Growth advocacy group and a former economic columnist for the Wall Street Journal; David Malpass, who served in the Reagan and George H.W. Bush administrations; and Harold Hamm, a self-made oil billionaire who was a top energy adviser to Mitt Romney's 2012 presidential campaign.

Inside the campaign, the team is led by policy director Stephen Miller, a former aide to Sen. Jeff Sessions of Alabama, and deputy director Dan Kowolski.

If he wins looks like "the trains will run on time..." ala Mussolini/Manzucato but that is about it (but would still be better than present situation imo....) .... still get NAIRU type macro results at best... probably will eventually blow thru that and cause a lot of "inflation!" type results as economists look at it... a lot of prices will go up and Fed will keep raising, rinse repeat... there is just no evidence that he would do more than this to this point...

best thing he has said so far is "you dont go bankrupt because you just print the money anyway..." which is in the right direction but still not exhibiting a full understanding imo...

New York wins in any case, whether Clinton or Trump, both from New York. Though Trump will probably deliver more bacon than Clinton because he has more ties and more connections to people in the region whom he will appoint. And they will deliver too.